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Trading with Deadly Accuracy

  • #1,941
  • Jan 28, 2012 9:05am Jan 28, 2012 9:05am
Quoting wmd
The session was not recorded, but perhaps we can do again some time if theres enough interest.
Yes definitely!

Took a nice hook on the AUDJPY, off of a strong tested resistance that became support.
Wmd, would you say that the better tested the resistance(in uptrend) the better the probability of the hook bouncing off the new untested support.
Attached Image (click to enlarge)
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  • #1,942
  • Jan 28, 2012 4:09pm Jan 28, 2012 4:09pm
Please do repeat the session. It would be much appreciated.
  • #1,943
  • Jan 28, 2012 10:29pm Jan 28, 2012 10:29pm
Quoting heebbyjeeby
Took a nice hook on the AUDJPY
...beautiful

dazz
  • #1,944
  • Jan 28, 2012 11:02pm Jan 28, 2012 11:02pm
Quoting juzgood1978
Hi
Just a Question for members...
Thanks
Sent pm...

dazz
  • #1,945
  • Jan 29, 2012 12:21am Jan 29, 2012 12:21am
Quoting wmd
The session was not recorded, but perhaps we can do again some time if theres enough interest.
I couldn't make it either but I'd be interested.
  • #1,946
  • Jan 29, 2012 1:22pm Jan 29, 2012 1:22pm
Lets try for Monday 5pm (London time).

http://meet28873896.adobeconnect.com/hook/


I'll post a reminder here 15 minutes before hand.
  • #1,947
  • Jan 29, 2012 3:55pm Jan 29, 2012 3:55pm
Quoting wmd
Lets try for Monday 5pm (London time).

http://meet28873896.adobeconnect.com/hook/


I'll post a reminder here 15 minutes before hand.

thank you
  • #1,948
  • Jan 30, 2012 1:00am Jan 30, 2012 1:00am
Eur Channel. Might see it pull back to lower side of channel.

dazz
Attached Image (click to enlarge)
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  • #1,949
  • Jan 30, 2012 1:08am Jan 30, 2012 1:08am
GbpUsd. Trendline should be respected.

Could take an bouce long on pullback. If that fails (and you get stopped - or u did not enter), can look for the short as it retests from the underside.

dazz
Attached Image (click to enlarge)
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  • #1,950
  • Jan 30, 2012 1:20am Jan 30, 2012 1:20am
CadUsd. Only a consideration if the current move up continues further with some momentum. Needs to demontrate intent into London open. Otherwise could be a bull trap and break down.

dazz
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  • #1,951
  • Jan 30, 2012 1:31am Jan 30, 2012 1:31am
Aussie and Kiwi look like they could reverse. Speculate shorts could be in order. I will be looking for restest of a s/r level or underside of a TL. Can use lower time times. Best to wait for confirmation first. No need to pick the high.

dazz
Attached Image(s) (click to enlarge)
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  • #1,952
  • Jan 30, 2012 1:45am Jan 30, 2012 1:45am
Quoting wmd
Lets try for Monday 5pm (London time).

http://meet28873896.adobeconnect.com/hook/


I'll post a reminder here 15 minutes before hand.
Thanks but the first Monday meeting I've had in six months and it's tomorrow. Oh well maybe next time.

Thanks again.
  • #1,953
  • Jan 30, 2012 2:14am Jan 30, 2012 2:14am
Hi heebbyjeeby,

This is the answer to your last question on PM. Unfortunately, I do not know how to send a pciture in a PM so hope you do not mind me answering this way.

First, know that the setup looked great on the 1 hr chart. Well spotted. You have a good eye. However, no pattern is perfect and some will fail.

In this instance, entering a trade here is a little risky looking at the big picture. Check out those Daily TLs (last pic). Everthing is contextual. I hope the piture explains what I mean.

One thing Will told me was that the best trades are at the start of the wave. It took some time for me grasp that statement, but I do now. Think about that also.

dazz
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  • #1,954
  • Jan 30, 2012 2:55am Jan 30, 2012 2:55am
not suggesting anything, though its interesting that 76.60 has held for 3 months.

dazz
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  • #1,955
  • Jan 30, 2012 3:06am Jan 30, 2012 3:06am
eurcad looks ripe for a short

if you do not get it on the first attemp, you can try second of third time with a small stop. risk / reward could be good

dazz
Attached Image (click to enlarge)
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  • #1,956
  • Jan 30, 2012 3:17am Jan 30, 2012 3:17am
Quoting dazzdude
eurcad looks ripe for a short

if you do not get it on the first attemp, you can try second of third time with a small stop. risk / reward could be good

dazz
Yes,
spotted this also. Great posts D.
How about this setup on the NZDUSD to watch?
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  • #1,957
  • Jan 30, 2012 4:13am Jan 30, 2012 4:13am
I am just looking a place to go short eur, aud, kiwi. All have potential for a good move to the downside. Most important part, once you have defined bias and a reason to enter to look for a entry where you can precisely define risk. Where reward / risk is good. I am looing for a pullback to s/r or trend line and just place stop on the other side. I keep it simple (now).... real simple.

These have potential for longer term moves, so patience is the key.

Better to take one good winner then 15 winners and 14 losers.

dazz
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  • #1,958
  • Jan 30, 2012 4:48am Jan 30, 2012 4:48am
Are these trades based on WMDfx method?

Quoting dazzdude
I am just looking a place to go short eur, aud, kiwi. All have potential for a good move to the downside. Most important part, once you have defined bias and a reason to enter to look for a entry where you can precisely define risk. Where reward / risk is good. I am looing for a pullback to s/r or trend line and just place stop on the other side. I keep it simple (now).... real simple.

These have potential for longer term moves, so patience is the key.

Better to take one good winner then 15 winners and 14 losers.

dazz
  • #1,959
  • Jan 30, 2012 5:42am Jan 30, 2012 5:42am
Quoting juzgood1978
Are these trades based on WMDfx method?
pretty much, I gave given everything else I was doing away now.

dazz
  • #1,960
  • Jan 30, 2012 5:57am Jan 30, 2012 5:57am
swissy may be worth considering for longs

dazz
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